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Saturday, October 9, 2010
Gold Chart! No Technical Clue for Selling
Gold is getting good support on 13 day's moving average. In some cases, its getting support at 21 days moving average. Its seems gold is in extreme bullish. As per technical trading it may test $1300. If it couldn't hold over there gold's next target will be 1250. Buying in between $ 1250 - $ 1300 is less risky. Over all indicators are guiding gold toward $ 1400.
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USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Pivot: 1.2105 Our preference: Long positions above 1.2105 with targets @ 1.2135 & 1.215 in extension. Alternative scenario: Below 1...
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Pivot: 30.60 Our preference: LONG positions above 30.6 with 31.25 & 31.7 in sight. Alternative scenario: The downside penetration o...
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GBPUSD is in sharp uptrend for the past two days, which was expected from a technical point of view after five waves down in red wave 5...
